As employers increasingly see four generations represented in their workforces and a diverse range of employee needs, customization and flexibility in benefits and wellness plans are becoming key to creating healthy outcomes for all employees. The result of these offerings was “peace of mind for employees and their families and a sense of belonging in […]
For too long, disability programs have been reactive rather than proactive, but connecting disability management to overall employee well-being strategies can help reduce disability trends and help employees on leave successfully return to work. “Where we’re seeing our [plan sponsor] clients have success is acknowledging the problem starts way sooner than [the point when] someone […]
During the pandemic, employers are facing the “perfect storm” of major workplace disruption coupled with a poor mental-health baseline leading up to the crisis, according to Judith Plotkin (centre), vice-president of health solutions at People Corporation Inc., speaking during a panel session at Benefits Canada‘s 2022 Healthy Outcomes Conference. “There was already huge pressure on […]
While short- and long-term disability leaves can be challenging and disruptive for both employees and employers, reviewing trends data can help plan sponsors begin to better support workers who are struggling. Ontario Power Generation uses data on disability claims drivers, employee assistance program usage and leave durations to influence its programs, said Tanya Hickey (centre), […]
In the face of a tight labour market and fierce competition for top talent, employee mental-health and well-being supports are emerging as key components of employers’ attraction and retention strategies. Speaking during a panel session at Benefits Canada‘s 2022 Healthy Outcomes Conference, Zayna Khayat (left), vice-president of growth and client success at Teladoc Health, said […]
While traditional therapy benefits and virtual-care options are now table stakes in benefits plans, there’s more employers can do to equip employees with the resources to manage their mental-health challenges and build resilience, said Rebecca Smith, director of group life and disability services at Medavie Blue Cross, during Benefits Canada’s 2022 Mental Health Summit in […]
When Bell Canada launched its Bell Let’s Talk initiative in 2010, the telecommunications company announced a plan to spend $155 million on fighting stigma, improving access to care and funding research for mental health — but it also knew it had to lead by example. One of the pillars of its plan was improving the […]
When Saskatchewan’s Public Employees Pension Plan’s board introduced alternatives to its investment lineup in 2020 with an aim to improve the defined contribution plan’s risk-adjusted returns through diversification, it wasn’t its first time at the rodeo. The move came after 15 years of experience and comfort with alternatives through the PEPP’s defined benefit companion plan, […]
When defined contribution plan sponsors conduct due diligence on target-date fund providers, they’re often considering questions of active versus passively managed funds, the benefits of glide paths that glide to versus through retirement, strategic versus tactical funds and a provider’s approach to environmental, social and governance investing. But according to Sarah Donahue, director of consultant […]
Responsible investing can drive stronger risk-adjusted returns and is increasingly being seen as a tool for prudent risk management, but defined contribution plan sponsors must understand target-date fund managers’ varying approaches to implementing environmental, social and governance factors into these funds. DC plan sponsors have myriad challenges to address when considering ESG investing options, including […]